Luxe valet parking app is partnering with Tesla. The two-year old tech startup will provide Tesla owners in New York and San Fransisco its on-demand valet parking service.
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DFJ Raises $350 Million Fund As Its 12th Fund
Draper Fisher Jurvetson (DFJ) has raised another venture capital fund. The firm raised $350 million as its twelfth fund. DFJ is interested to invest autonomous transportation, digital health, enterprise transformation, and artificial intelligence.
Tesla Shares Rose and Expecting Profit in 2016, But Investors Still Have Concern
As CEO Elon Musk promised investors to bring the company to profitability in 2016, Tesla shares rose. However, investors still have concern with the company's performance as it posted another loss in Q4 2015.
Tesla Reported Fourth Quarter Loss in 2015
Tesla reported loss in the fourth quarter of 2015 on Wednesday. The carmaker said it lost $114 million on an adjusted basis, but its share increased in after hours trading.
Shifting To A New Strategy, Tesla Applied Dealership In Michigan Selling Cars Directly To Customers
After a long time fighting from getting approvals to sell it cars directly to customers in Michigan, Tesla finally shifts its strategy. The electric automaker company has applied for "Class A" dealership license, and has to wait for one month or two before hearing the decision.
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Luxury vehicles as much as possible are perfectly manufactured from every angle to maintain company's repute and market. Tesla, despite being relatively small as compared to automakers, cares more about its repute. Even a single fault discovered in its luxury vehicles isn't tolerated.
Faraday Future comes as a new challenger for Tesla in building electric car. The Chinese-backed startup company has invested $1 billion to build factory in America. Other than electric car, Faraday Futures also prepares "rolling smartphone" as a different business model in automotive industry.
Tesla's stock went up 8.5 percent to $226 after reporting their third quarter earnings where it delivered more cars than expected. Reuters reported that the car company will boost up the production of its electric cars after its Model X SUV saw a strong rollout, bringing its stock up 9 percent even as it reported its biggest loss in ten quarters.
Facebook CEO Mark Zuckerberg invited India's Prime Minister Shri Narendra Modi for a Q&A session on Facebook HQ in California. The event will be held on September 27, 9:30 am PST.
Tesla's stock dropped more than 6% in after-hours trading Wednesday after the electric automaker said it might not be able to deliver as many cars as it had planned for this year. That's despite better-than-expected second quarter results.
Since the alleged approval of "Project Titan" by Apple CEO Tim Cook in 2014 has been leaked last February, rumors about the company developing an autonomous car have persisted. This week, thoughts about the confidential electric car project are again reinforced with the appointment of new car experts.
Daimler joins Tesla in home battery market as it unveiled its Mercedes-Benz personal power storage plant. This Tesla Powerwall counterpart will be launched at the Intersolar Expo in Germany this week.
The prospect of an Apple Car does not seem to worry Tesla CEO and founder Elon Musk. In fact, he welcomed such a prospect during a recent interview.
FCA CEO Sergio Marchionne meets with Tim Cook and Elon Musk and rides in a Google self-driving car. On the hand, Toyota and Mazda are working on a partnership deal to share technology.
